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20121005
20121005
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for a $5 trillion tax cut. >> when president obama says that governor romney is going to provide a $5 trillion tax cut, he's only telling half the story. governor romney proposes a 20% across-the-board income tax cut, and to abolish the estate taxes. >> reporter: governor romney still hasn't described in detail how he's going to accomplish his revenue-neutral plans without raising taxes on the middle class, without increasing the deficit. now to president obama's claim that he'd only raise taxes on upper income people to where they were under president clinton. >> i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs. >> what president obama is leaving out there is that there are new taxes in the health care law, specifically that would target high-income earners. in fact, they would be paying a higher rate than they did under president clinton. >> reporter: finally, governor romney on the deficit under the obama administration -- >> the president said he'd cut the deficit
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